Daily Industry News Update (11 May 2022)

Building Materials Cost Index in April up in tandem with higher steel prices – DoSM

The Building Material Cost Index (BCI) without steel bars and with steel bars has increased for all building categories between 0.1 and 3.6 per cent in April 2022 with Peninsular Malaysia between 0.6 and 3.4 per cent, Sabah between 0.1 and 2.4 per cent and Sarawak between 0.8 and 3.6 per cent, said the Department of Statistics Malaysia (DoSM).

Airbnb supports Penang government decision to regulate STRA

Airbnb has welcomed the Penang state government’s recent decision to regulate short-term rental accommodation (STRA), instead of banning it altogether.